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Evergrande scraps 90b yuan solar push as timing 'immature'

No funds spent on solar so far, says parent of most indebted Chinese developer


EVERGRANDE Group, the parent of China's most-indebted publicly traded homebuilder, scrapped its 90 billion yuan (S$20 billion) plan to branch out into solar power, stymieing its ambitions to become a clean-energy developer.

After surveying the market, Evergrande, owned by...

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